Whilst most books look at the political response to terror, this unique book takes an economic approach and includes contributions from Todd Sandler, Sanjay Jain, Andrew Chen, Valpy Fitzgerald and Dennis Mueller.
Research in the field of terrorism has increased dramatically since 9/11, responding to the sudden need by policy makers, journalists and the general public to understand terrorism. A unique feature of this field of research is that it expands beyond typical academic categories such as macroeconomics, development studies, international relations or peace science, instead, a range of analysts have applied their various skills of different sub-disciplines to a common theme since 9/11, providing inter-disciplinary insights characterized by a clear focus.
Table of Contents
Part 1: Introduction 1. A Brief Survey of the Economic Analysis of Terrorism Tilman Brück Part 2: Features of Terrorism 2. An Economic Perspective on Transnational Terrorism Todd Sandler and Walter Enders 3. Economic Conditions and Terrorism S. Brock Blomberg, Gregory D. Hess and Akila Weerapana 4. The Economics of High-Visibility Terrorism Sanjay Jain and Sharun W. Mukand 5. Decomposing Violence: Political Murder in Colombia, 1946-99 Jurgen Brauer, Alejandro Gómez-Sorzano and Sankar Sethuraman Part 3: Economic Effects of Terrorism 6. The Effects of Terrorism on Global Capital Markets Andrew H. Chen and Thomas F. Siems 7. Terrorism-Induced Structural Shifts In Financial Risk - The Case of Airline Stocks in the Aftermath of 11 September Terror Attacks Konstantinos Drakos 8. Financial Markets and Terrorism Rafi Eldor and Rafi Melnick 9. Global Terrorism and the Insurance Industry: New Challenges and Policy Responses Michael Wolgast 10. Terrorism and International Trade: An Empirical Investigation Volker Nitsch and Dieter Schumacher 11. Fiscal Consequences of Armed Conflict and Terrorism in Low- and Middle-Income Countries Sanjeev Gupta, Benedict Clements, Rina Bhattacharya and Shamit Chakravarti Part 4: Anti-Terrorist Policies 12. Rights and Citizenship in a World of Global Terrorism Dennis C. Mueller 13. Decentralization as a Response to Terror Bruno S. Frey and Simon Luechinger 14. Global Threats and the Domestic Struggle for Power Michelle R. Garfinkel 15. Global Financial Information, Compliance Incentives and Terrorist Funding Valpy FitzGerald 16. An Economic Analysis of Security Policies Tilman Brück Part 5: Epilogue 17. Terror: The "ism" versus the "ists" Geoffrey Brennan
Tilman Brück is the Head of the Department of International Economics at the German Institute for Economic Research (DIW Berlin), Germany.